Equated monthly installment. An equated monthly installment (EMI) is defined by Investopedia as A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full..
Quote definition, to repeat (a passage, phrase, etc.) from a book, speech, or the like, as by way of authority, illustration, etc. See more.
Direct quotes. A direct quote is where you have used the exact words (or graphs, or other information) from someone else's work. Direct quotes can be very useful for supporting an argument or establishing a point of view. Whenever you use a direct quote, you must indent the quote or put it in quotation marks.f you are using the words of someone else, the words must be indented or in quotation marks. This shows that you are not claiming the work is your own. You must also provide a reference to show where the words came from, to help the reader find the source.